Middle East and mutton make mark on sheep meat exports
Lamb exports didn’t miss a beat in March, demonstrating demand is – for now at least – still countering strong domestic pricing and global unrest. Volumes were slightly below the record tonnages of the previous two years, but still historically high and kept year-to-date totals fairly on-par. Mutton exports, however, are starting to feel the […]
Autumn sell off not a thing of the past
For some time, we’ve been looking at the growing herd with some concern about the prospect of a dry weather induced cattle liquidation. While some areas which were hard hit in recent years are having a recovery of sorts, the need for feed has moved to northern NSW, and cattle are hitting the market. An […]
El Nino forecast means what?
The latest long range weather updates are not looking great for the coming cropping season. Local cereal prices are starting to move on the forecasts, along with concerns around marginal country coming out of rotations. Here we take a look at some scenarios. Watching the latest weather update from Nutrien’s Eric Snodgrass (Link to video […]
A look at cyclical price peaks in the merino market
Mecardo last looked at the extent of rising price cycles in 2018, when prices were high for all qualities of wool. Given the rapid change in wool prices this season it is time to look at the recent price rises and how they stack up against history. Geo-politics and economics are dominating the news at […]